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Doma Holdings Inc. (NYSE: DOMA) Recovers 2.93% From 52-Week Low, Is DOMA Still A High-Risk, High-Reward Play?

Edison Carroll Edison by Edison Carroll Edison
May 26, 2023
in Business
0

Doma Holdings Inc. (NYSE:DOMA) currently has a daily average trading volume of 731.56K but it saw 1140026 shares traded on Thursday. With a market cap of 97.11M USD, stock’s current market price of $0.29 came falling about -9.94 while comparing to the previous closing price of $0.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.17 and as low as $0.28. In the recent trading on the day, stock has struck highest price mark of $0.3398 while lowest mark touched by it was $0.2849.

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Taking a look at 20-day trading activity of Doma Holdings Inc. (DOMA) gives us an average price of $0.3521, while its current price level is -86.72% below from 52-week high level whereas it is 2.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3665 while that of 200 days or SMA-200 reads an average of $0.4980. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.33% during that period while stretching the period over a month that decreases to 12.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.10 which implies that the stock is in neutral territory.

The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $0.35 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.00. Average price target assigned by them is $1.59 which highlights an upside potential of 81.76% for the stock over that period. And to attain the median price target of $1.50 assigned by those analysts, stock has to add about 80.67% of value to its current levels.

Over the week, DOMA’s stock price is moving -3.45% down while it is -23.21% when we observe its performance for the past one month. Year-to-date it is -36.37% down and over the past year, the stock is showing a downside performance of -83.72%.

The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.13 beaten by the consensus estimate of -$0.07 for the same. For DOMA, analysts are forecasting an EPS-growth rate of 74.70% for current year and estimate for EPS growth in next year is 57.10%. In next quarter, company is expected to be making quarterly sales of $104 million as analysts are expecting the sales for current fiscal year at $361.91 million and seeing the company making $399.67 million in sales next year. Moreover, analysts are in estimates of $95 million for current-quarter revenue.

Currently, Doma Holdings Inc.’s total number of outstanding shares is 329.89M with 45.21% of that held by the insiders while 38.86% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -129.10% and return on equity (ROE) at -204.70%. Stock has a price to book (P/B) ratio of 2.06 while price to sale or P/S ratio amounts to 0.24. Its return on asset (ROA) is -66.40% on average.

A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Real Estate Index Fund came shrinking its share ownership by -0.15% in the Doma Holdings Inc. (DOMA) decreasing its stake to 1.53% with control over 7642.0 shares in the company.

Tags: DOMADoma Holdings Inc.DOMA stockNYSE:DOMA
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